Federated Hermes Inc. Lowers Stock Holdings in Kemper Co. (NYSE:KMPR)

Federated Hermes Inc. lessened its stake in shares of Kemper Co. (NYSE:KMPR) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,425 shares of the insurance provider’s stock after selling 267 shares during the quarter. Federated Hermes Inc.’s holdings in Kemper were worth $360,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Jane Street Group LLC raised its position in Kemper by 565.8% during the 3rd quarter. Jane Street Group LLC now owns 41,094 shares of the insurance provider’s stock worth $2,517,000 after buying an additional 34,922 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Kemper by 5.6% during the fourth quarter. Bank of New York Mellon Corp now owns 543,044 shares of the insurance provider’s stock worth $36,080,000 after acquiring an additional 28,807 shares during the period. Blue Trust Inc. raised its holdings in Kemper by 44.6% during the fourth quarter. Blue Trust Inc. now owns 3,220 shares of the insurance provider’s stock worth $197,000 after purchasing an additional 993 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Kemper by 102.9% in the third quarter. JPMorgan Chase & Co. now owns 201,756 shares of the insurance provider’s stock valued at $12,358,000 after purchasing an additional 102,339 shares during the period. Finally, FMR LLC boosted its holdings in Kemper by 294.9% in the 3rd quarter. FMR LLC now owns 9,718 shares of the insurance provider’s stock valued at $595,000 after purchasing an additional 7,257 shares in the last quarter. 86.23% of the stock is owned by institutional investors and hedge funds.

Kemper Trading Down 1.3 %

Shares of KMPR opened at $56.77 on Friday. Kemper Co. has a 1-year low of $53.57 and a 1-year high of $73.01. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a 50 day simple moving average of $64.48 and a 200-day simple moving average of $65.49. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 11.56 and a beta of 1.05.

Kemper (NYSE:KMPR) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.40. Kemper had a return on equity of 14.11% and a net margin of 6.85%. Equities analysts forecast that Kemper Co. will post 6.03 EPS for the current fiscal year.

Kemper Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th were paid a dividend of $0.32 per share. This is an increase from Kemper’s previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, February 18th. This represents a $1.28 annualized dividend and a dividend yield of 2.25%. Kemper’s dividend payout ratio is presently 26.07%.

Analysts Set New Price Targets

Several brokerages recently commented on KMPR. Raymond James raised their price objective on shares of Kemper from $75.00 to $82.00 and gave the company a “strong-buy” rating in a research note on Thursday, December 26th. Piper Sandler boosted their price target on Kemper from $83.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, StockNews.com raised Kemper from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $81.60.

Kemper Company Profile

Kemper Corporation, a diversified insurance holding company, engages in the provision of insurance products to individuals and businesses in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance.